Chabad Of Eastern Queens Signs Lease For Retail Space At 188-06 Union Turnpike In Fresh Meadows
188-06 Union Turnpike, Fresh Meadows, Ny 11366
Building Size
1,713 SF
Asset Type
Retail
Closing
Jun 1, 2026
About this deal
AI
The property is a retail space located at 188-06 Union Turnpike in Fresh Meadows, Queens, covering an area of 1,713 square feet. This asset is leased under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Tenant: Chabad of Eastern Queens
- Landlord's Representative: Adam Yakubov - Stonefield Real Estate
- Lease Type: Modified Gross Lease
Adam Yakubov from Stonefield Real Estate represents the landlord in this lease transaction. Stonefield Real Estate focuses on owner representation across geographic territories and asset specialization, and they are actively recruiting leasing brokers with a strong support system.
Players
Fresh Meadows Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93